Nifty View: A decently volatile day for the benchmark Nifty50 index as it closed down a little over 60 points in today's session. So far, we have three consecutive negative days from the index, losing almost 3% on a high to low basis. The short-term trend is still up, but vulnerable as the index nears the psychological level of 18,000. However it was clearly the...
Pidilite Industries has following the trendline from last so many trading sessions.
There is a strong resistance at the level of 2479, stock has already given the breakout on Thursday.
And stock also done some correction, so for tomorrow if Stock goes above 2485,
You can buy this trade for the target of 2500
What's your view on this comment below in the box.
There is strong resistance of 2051, stock two times rejected from this level.
Indigo share break the resistance and then now it is in the correction mode.
So for tomorrow you can buy this trade once it goes above 2051, for the target of 2140.
Note: There is also a news that domestic airlines will be restart from Monday so we can see this news effect on this...
CNXIT index crashed hard in past days
Uptrend now begins in IT sector and so does in Tech Mahindra
Tech Mahindra corrected 11.5% from ATH, consolidated for few days and now began a new uptrend from a strong support level.
Enter at CMP with target levels @1475
(Added Tech M @1380 on 30th sept but forgot to publish idea then. Better late than never. 1475 levels...
The price action formation on the SPX seems to be indicating that the market in the US could be taking a pause for now. Price had pulled back from all time highs recently, but now is seeing rejection from the 20EMA. If this trend continues we could see price correcting to the longer term trendline and then the 200EMA on the daily chart. A short position can be...
Nifty View: A sharp sell-off for the benchmark Nifty index in today’s trading session - down over 200 points to post a close at 17,386. With this fall, the short term trend is now on the verge of a reversal on the downside. Considering the nature of today’s fall, that is, both sectoral participation and momentum, it’ll be prudent to wait out for few more trading...
Used Gann Fan and Fib to check it's uptrend areas and how smooth it will go as per trend.
Perfect time to buy this one in the dip. Further dip will be coming and will end by tomorrow morning.
So yeah buy in parts and average your trade position accordingly to have a smooth profit journey when trend is back on it's course.
Seems like a good opportunity to me in...
This is a weekly chart of BTCusd, bitfinix. I've plotted 2 Weekly Moving averages (w-MA) on this chart - 20(Green) & 50 (red). As you all can see clearly that whenever in the past 50 w-MA crosses 20 w-MA and comes above it, we've seen an average of 50-70% correction in btc. So according to past data, if again 50 w-MA comes above 20 w-MA, i'm expecting a correction...
Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
From the highs of 1125 made in june 2021 , stock had given a fall to 984 levels & then rebound in a choppy manner to the level of 1080. Right from there we have seen an impulsive fall & stock has broken the support zone of 1000. This level will act as resistance & stock will likely to fall further and will reach to the zone of 940-20 again.
One should short...
Any stock cannot move in a vertical direction upward or downward
Dr Reddy has fallen / corrected pretty well Now this is a golden opportunity for swing trade with a target of 3.5 - 6%
Dr reddy is in now support region as you can see in 1 day time frame it is respecting the support well.
support region 4660-4685 level
Good opportunity !!!!!
#### Take at...
Welcome to this quick update everyone,
In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.
At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40 .6k(Daily Resistance), Next Would be 46-48k Resistance Area .
Nifty setup for next week is quite interesting. Nifty is at critical juncture or say make or break level.
Nifty is trying to give breakout on weekly as well as monthly chart however failing to close above the desired level.
Important points to consider next week:
- Nifty break 15901 level convincingly with good volume for strength breakout